What’s Ahead for The Coca-Cola Co After Today’s Bullish Options Activity?

 What's Ahead for The Coca Cola Co After Today's Bullish Options Activity?

In today’s session The Coca-Cola Co (KO) registered an unusually high (2,289) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious KO increase. With 2,289 contracts traded and 67884 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: KO161216C00043000 closed last at: $0.32 or 11.1% down. About 2.75M shares traded hands. The Coca-Cola Co (NYSE:KO) has declined 10.40% since April 5, 2016 and is downtrending. It has underperformed by 12.36% the S&P500.

The Coca-Cola Co (NYSE:KO) Ratings Coverage

Out of 11 analysts covering Coca-Cola (NYSE:KO), 5 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 45% are positive. $54.0 is the highest target while $37 is the lowest. The $45.92 average target is 8.43% above today’s ($42.35) stock price. Coca-Cola has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained the shares of KO in a report on Thursday, April 21 with “Neutral” rating. The rating was upgraded by Vetr to “Hold” on Monday, August 24. The rating was maintained by RBC Capital Markets on Thursday, March 10 with “Outperform”. The company was maintained on Thursday, April 21 by UBS. Citigroup maintained The Coca-Cola Co (NYSE:KO) on Thursday, April 21 with “Buy” rating. The stock of The Coca-Cola Co (NYSE:KO) earned “Neutral” rating by Credit Suisse on Friday, September 16. The firm has “Hold” rating given on Thursday, September 29 by Stifel Nicolaus. Barclays Capital reinitiated it with “Equal Weight” rating and $45 target price in Friday, August 7 report. The stock has “Buy” rating given by UBS on Thursday, October 22. As per Friday, February 5, the company rating was upgraded by Susquehanna.

According to Zacks Investment Research, “The Coca-Cola Company is the world’s largest beverage company and is the leading producer and marketer of soft drinks. Along with Coca-Cola, recognized as the world’s best-known brand, The Coca-Cola Company markets four of the world’s top five soft drink brands, including diet Coke, Fanta and Sprite. Through the world’s largest distribution system, consumers in nearly 200 countries enjoy The Coca-Cola Company’s products at a rate of more than 1 billion servings each day.”

Insitutional Activity: The institutional sentiment increased to 0.85 in 2016 Q2. Its up 0.01, from 0.84 in 2016Q1. The ratio improved, as 65 funds sold all The Coca-Cola Co shares owned while 625 reduced positions. 74 funds bought stakes while 513 increased positions. They now own 2.72 billion shares or 2.58% less from 2.79 billion shares in 2016Q1.
Blue Bell Private Wealth Management Limited Liability Corp, a Pennsylvania-based fund reported 2,227 shares. Moreover, Mcmillion has 1.45% invested in The Coca-Cola Co (NYSE:KO) for 41,347 shares. Stewart & Patten Limited Liability Company last reported 3.88% of its portfolio in the stock. Modera Wealth Ltd Liability, a Massachusetts-based fund reported 7,658 shares. Moreover, Donaldson Cap Management Ltd has 0.09% invested in The Coca-Cola Co (NYSE:KO) for 14,478 shares. Cg Asset Mngmt Ltd Llc reported 41,590 shares or 0.76% of all its holdings. Parsec Fincl Management accumulated 0.42% or 95,320 shares. Dorsey Whitney Trust Company Limited Liability Corporation holds 0.19% of its portfolio in The Coca-Cola Co (NYSE:KO) for 17,886 shares. Arvest Commercial Bank Division has 18,593 shares for 0.07% of their US portfolio. Ally Financial owns 55,000 shares or 0.42% of their US portfolio. Rockefeller Financial Svcs holds 43,850 shares or 0.04% of its portfolio. National Bank has invested 0.9% of its portfolio in The Coca-Cola Co (NYSE:KO). California Pub Employees Retirement Systems accumulated 10.70 million shares or 0.79% of the stock. Putnam Limited, a Massachusetts-based fund reported 88,127 shares. Moreover, Invest Limited Oh Adv has 1.51% invested in The Coca-Cola Co (NYSE:KO) for 33,325 shares.

Insider Transactions: Since May 19, 2016, the stock had 0 insider purchases, and 2 insider sales for $3.74 million net activity. The insider Waller Kathy N sold $1.53 million. SMITH BRIAN JOHN also sold $2.22M worth of The Coca-Cola Co (NYSE:KO) on Thursday, May 19.

The Coca-Cola Company is a beverage company. The company has a market cap of $181.12 billion. The Firm owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. It has a 25.7 P/E ratio. The Company’s divisions include Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments and Corporate.

KO Company Profile

The Coca-Cola Company, incorporated on September 5, 1919, is a beverage company. The Firm owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. The Company’s divisions include Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments and Corporate. The Firm owns and markets a range of nonalcoholic sparkling beverage brands, including Coca-Cola, Diet Coke, Fanta and Sprite. The Firm markets, makes and sells beverage concentrates, which are referred to as beverage bases, and syrups, including fountain syrups (concentrate business or concentrate operations), and finished sparkling and still beverages (finished product business or finished product operations). The Firm makes its beverage products available to clients across the world through its network of Company-owned or -controlled bottling and distribution operations, as well as independent bottling partners, distributors, wholesalers and retailers.

More recent The Coca-Cola Co (NYSE:KO) news were published by: Investorplace.com which released: “The Coca-Cola Co (KO) Debuts Coke Ginger” on October 31, 2016. Also Marketwatch.com published the news titled: “What to expect in Coca-Cola earnings” on October 25, 2016. Seekingalpha.com‘s news article titled: “Coca-Cola Co./Pepsico Inc.: Two Dividend Income, Defensive Companies – Should …” with publication date: October 18, 2016 was also an interesting one.

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